Question: fQuestion 15(Multiple Choice Worth 3 points) (05.01 MC) The number of units of output that an acre of land will produce increases, ceteris paribus. What

$\fQuestion 15(Multiple Choice Worth 3 points) (05.01 MC) The number of$

paribus. What will this do to the demand for this land? Demand

will increase. Demand will decrease. O There will be no change in

demand. Demand will not change, but quantity demanded will decrease. Demand will

\fQuestion 15(Multiple Choice Worth 3 points) (05.01 MC) The number of units of output that an acre of land will produce increases, ceteris paribus. What will this do to the demand for this land? Demand will increase. Demand will decrease. O There will be no change in demand. Demand will not change, but quantity demanded will decrease. Demand will not change, but quantity demanded will increase. Question 16(Multiple Choice Worth 3 points) (05.04 MC) The marginal benefit to suppliers will be less than the marginal cost to the single buyer. This describes perfect competition O monopolistic competition O an oligopoly O a monopoly O a monopsony

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